Best Buy 2003 Annual Report Download - page 80
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6.7. Waiver − Failure by the Bank to insist upon strict performance by the Borrower
of any obligation or covenant under the Offer Letter or any of the Loan Documents or
to exercise any option or right herein or therein shall not be a waiver or relinquishment
for the future of such obligation or covenant, option or right, but the same shall remain
in full force and effect and the Bank shall have the right to insist upon the strict
performance by the Borrower of any and all of the terms and provisions of the Offer
Letter and the Loan Documents.
6.8. Variation − No term or requirement of the Offer Letter or any of the Loan
Documents may be waived or varied orally or by any course of conduct of any officer,
employee, or agent of the Bank. Any amendment to the Offer Letter or any of the Loan
Documents must be in writing and signed by a duly authorized officer of the Bank.
6.9. Indemnification and Confidentiality − The Offer Letter is delivered to the
Borrower on the understanding that neither the Offer Letter nor its substance shall be
disclosed publicly or privately except to counsel, accountants, employees and agents of
the Borrower who are specifically involve in the transaction contemplated therein.
Without limiting the generality of the foregoing, no such person shall use or refer to the
Bank’s name in any disclosure made in connection with any of the transactions
contemplated under the Offer Letter without the Bank’s prior written consent.
6.10. Time of Essence − Time shall be of the essence of the Offer Letter.
6.11. each of the Borrower and Best Buy Co. shall promptly notify the Bank of the
occurrence of any Event of Default or the occurrence of any event, with the giving of
notice, lapse of time, or both, would constitute an Event of Default.
6.12. Legal and Other Expenses − The Borrower shall pay all reasonable legal fees and
disbursements in respect of the Loans, the preparation and issuance of the Offer Letter
and the Loan Documents, the enforcement and preservation of the Bank’s rights and
remedies, all appraisals, insurance consultation, and similar fees, and all other fees and
disbursements of the Bank, whether or not the documentation is completed or any
funds are advanced under the Loans.
6.13. Notice
Any notice required to be given hereunder or under any other Loan Document shall be in writing and may effectively be given by a
party hereto by delivery of such notice to the other party at the address below or at such other address as